Overview

• Claire’s filed for bankruptcy protection in Delaware on August 12 for the second time since 2018, blaming declining demand, online competition and broader retail-sector challenges.
• Court documents list the company’s assets and liabilities each between $1 billion and $10 billion and identify 25,000 to 50,000 creditors.
• The company operates roughly 2,750 stores across 17 countries and will keep its North American outlets open during the restructuring.
• Management has contacted more than 150 potential buyers and set a preliminary takeover deadline of August 31, 2025.
• The future of Claire’s approximately 22 German stores and other European locations remains uncertain.